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Cable Update (GBPUSD)

  • #35,441
  • Oct 15, 2007 7:42am Oct 15, 2007 7:42am
Quoting adrianebn
were cable is heading today??

I think it has an AA meeting later this afternoon. After that I think its heading to the pub
Just Trade It
  • #35,442
  • Oct 15, 2007 7:48am Oct 15, 2007 7:48am
does not look likely to break the 2.0455 trend line resistance today
  • #35,443
  • Oct 15, 2007 7:50am Oct 15, 2007 7:50am
Quoting karmostaji
bearish bat pattern on 1hr chart
working out nicely
Trade what you see, not what you think.
  • #35,444
  • Oct 15, 2007 7:52am Oct 15, 2007 7:52am
Quoting Qu|cksilver
why short? anyone please give comments?
The reason I'm short is becasue if you have a look at the daily chart, you'll notice the daily stochastics is heading down. The 4hr and 1hr stochs have been heading up so are just waiting to turn over.

Now what I did fail to spot this morning is this. If you use the fib exp tool, (look for the green FE lines) from low 17/08 to high 12/09 back to low 18/09 you'll get a FE61.8 exp at 2.0320 (todays low was 2.0318) and a FE100 at 2.0593.

Now again using the fib exp tool, (yellow FE lines on chart) take the high of last week to Fridays low to today high and you'll get FE61.8 at 293 and FE100 at 2.0206.

There was no 1-2-3 step on cable to show me that we are going up from here. So I'll be looking for sharts till 2.292. Again watchng for that bounce break of 366, I think this is a very important level.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable daily 15 Oct 07.jpg Size: 102 KB
  • #35,445
  • Oct 15, 2007 8:06am Oct 15, 2007 8:06am
I see you, buddy!!!... Come out!!! And show me what you plan to sell today!

http://www.fortliard.com/lo/cl_bearglare.jpg
  • #35,446
  • Oct 15, 2007 8:12am Oct 15, 2007 8:12am
Quoting cesarnc
I see you, buddy!!!... Come out!!! And show me what you plan to sell today!

http://www.fortliard.com/lo/cl_bearglare.jpg
Roooooooooaaarrrrrrrrr,
Roooooooooaaarrrrrrrrr,
Roooooooooaaarrrrrrrrr,
Roooooooooaaarrrrrrrrr,
Roooooooooaaarrrrrrrrr,
Roooooooooaaarrrrrrrrr,
Roooooooooaaarrrrrrrrr
.
  • #35,447
  • Oct 15, 2007 8:12am Oct 15, 2007 8:12am
OIL $85

"A run at $90 is now seen as reasonable," Citigroup analysts said in a note.

I remember having read an analyst saying "$75 not crazy, while at the $65 or so" LOL....
  • #35,448
  • Oct 15, 2007 8:16am Oct 15, 2007 8:16am
Quoting cesarnc
OIL $85

"A run at $90 is now seen as reasonable," Citigroup analysts said in a note.

I remember having read an analyst saying "$75 not crazy, while at the $65 or so" LOL....
And then what? In relative terms it is not more expensive. It is just a number, like the dollar is going down.
.
  • #35,449
  • Oct 15, 2007 8:20am Oct 15, 2007 8:20am
This is how I feel today, oh well at least my stop loss was hit in profit

http://newsimg.bbc.co.uk/media/image...l_getty416.jpg
Just Trade It
  • #35,450
  • Oct 15, 2007 8:22am Oct 15, 2007 8:22am
Quoting bullrock
And then what? In relative terms it is not more expensive. It is just a number, like the dollar is going down.
Just a # like the dollar going down? LOL... That would be nice an argument for Paulson in the G7....

"Take it easy, Sarkosy. It's just a number! "
  • #35,451
  • Oct 15, 2007 8:24am Oct 15, 2007 8:24am
Quoting cesarnc
Just a # like the dollar going down? LOL... That would be nice an argument for Paulson in the G7....

"Take it easy, Sarkosy. It's just a number! "
Yeah it is just a number... Like the whole US debt is just a number too. Sorry for my mood today cesarnc.
.
  • #35,452
  • Oct 15, 2007 8:26am Oct 15, 2007 8:26am
BTW everything is a number on my screen.... Including my ac balance and the price tag on the petrol at th phuking station... Like I said to my wife I go shopping by bus... LOOK AT THE PETROL PRICES!!! GO BY BIKE, BY FEET.. I am not idiot to buy petrol....
.
  • #35,453
  • Oct 15, 2007 8:28am Oct 15, 2007 8:28am
When you could buy 2-3 USD for 1 EURO . NOW THAT WOULD BE A NUMBER TOO.
.
  • #35,454
  • Oct 15, 2007 8:31am Oct 15, 2007 8:31am
i will take the other half at 500 if it don't get there in do time i will close it earlier, closing this long is not a sure thing yet, i will wait till my system gives me a clear signal it going down before i close this long, if i hold i will get a nice sawp rate.
If I Go Broke Trying Then I Will die happy.
  • #35,455
  • Oct 15, 2007 8:33am Oct 15, 2007 8:33am
Quote
saw(p) rate.
.
  • #35,456
  • Oct 15, 2007 8:36am Oct 15, 2007 8:36am
Quoting bullrock
lol, swap, you know what i meant.
If I Go Broke Trying Then I Will die happy.
  • #35,457
  • Oct 15, 2007 8:38am Oct 15, 2007 8:38am
long since 2.0358 still holding
Twitter: @forexpokerpro
  • #35,458
  • Oct 15, 2007 8:42am Oct 15, 2007 8:42am
Quoting Moe
lol, swap, you know what i meant.
Yeahm Moe, just joking, just joking ,,,
.
  • #35,459
  • Oct 15, 2007 8:56am Oct 15, 2007 8:56am
Quoting BBPI_fxtrader
long since 2.0358 still holding
im with you on that, i still don't see no reason to short at this time.
If I Go Broke Trying Then I Will die happy.
  • #35,460
  • Oct 15, 2007 9:00am Oct 15, 2007 9:00am
im gonna see if i can sqeeze out 500 before i look to eathier hold or close and sell, my system just scan the market there's nothing there to suggest a short at this time. long live the king.
If I Go Broke Trying Then I Will die happy.
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